This is a statutory form provided for in the Georgia Code that allows you to name one or more persons to help you handle your financial affairs. It grants your attorney in fact (your agent) VERY broad powers with regard to your property and finances. This Power of Attorney does NOT provide for health care services. As long as you are living, the financial power of attorney will remain in effect even if you become incapacitated or unable to communicate your wishes unless a guardian is appointed for your property or you include a date or specific occurrence when you want your document to be canceled.
Ga Power Attorney Form With Bank
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How to fill out Georgia Statutory General Power Of Attorney With Durable Provisions - Financial Power Of Attorney?
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FAQ
It is important that your financial power of attorney is drafted by someone who is experienced with drafting these documents and how they are used. Many standard forms that can be found online do not list all of the authority and powers that your agent may need and therefore are not sufficient for planning purposes.
Does a Power of Attorney Need to be Recorded in Georgia? A POA should be notarized and witnessed by two adults, and the principal should keep the form in a safe place unless the authority needs to be used immediately. However, there is no need to record it in public records.
RD-1061 Power of Attorney and Declaration of Representative.
A financial power of attorney names an agent to act in the place of the individual, primarily in monetary and property matters, and defines the extent of or limitation on the authority given.
In Georgia, power of attorney must meet certain basic requirements, including being signed by the principal, witnesses, and a notary public. There are standardized forms available for financial and health care powers of attorney.